Amazon.com (AMZN) stock initially dropped more than 7% after its Q2 earnings report on August 1, though it has since recovered some of those losses. While the results beat Wall Street expectations, the stock slipped as concerns grew around slowing Amazon Web Services (AWS) growth and shrinking cloud margins. Still, shares remain up roughly 32% over the past year, supported by steady gains in retail and advertising. In Q2, Amazon reported a 13% year-over-year revenue increase to $167.7 billion, while earnings per share came in at $1.68, well above the $1.33 consensus estimate. With the stock back in focus, now is a good time to take a closer look at who owns Amazon shares.
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Now, according to TipRanks’ ownership page, public companies and individual investors own 48.36% of AMZN. They are followed by mutual funds, ETFs, insiders, and other institutional investors at 19.41%, 18.35%, 10.13%, and 0.24%, respectively.
Digging Deeper into Amazon’s Ownership Structure
Looking closely at top shareholders, Jeffrey P. Bezos owns the highest stake in AMZN at 10.10%. Next up is Vanguard, which holds a 7.12% stake in the company.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 2.89% stake in AMZN stock, followed by the Vanguard S&P 500 ETF (VOO), with a 2.53% stake.
Moving to mutual funds, Vanguard Index Funds holds about 6.25% of Amazon. Meanwhile, Fidelity Concord Street Trust owns 1.55% of the company.
Is Amazon Stock a Buy, Sell, or Hold?
Overall, Wall Street has a Strong Buy consensus rating on Amazon stock based on 43 Buys versus one Hold recommendation. The average AMZN stock price target of $264.21 indicates 23.61% upside potential from current levels.
